Manchester United Cash Flow Statement

Financials in millions GBP. Fiscal year is July - June.

Millions GBP. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	-9.6	-39.66	-130.72	-32.57	-149.62	-24.03
Depreciation & Amortization	220.69	213.38	206.65	186.53	165.78	139.36
Stock-Based Compensation	0.34	0.66	0.88	1.75	0.2	2.09
Other Adjustments	-28.53	-25.24	25.99	4.23	39.68	-17.17
Change in Receivables	-29.4	-65.99	5.91	17.34	3.79	77.12
Changes in Inventories	-5.34	-9.51	-0.38	-0.97	-0.12	0.11
Changes in Accounts Payable	-21.17	29	-18.9	-31.14	22.48	5.42
Changes in Income Taxes Payable	-0.95	-0.95	3.75	-1.63	-4.84	-4.16
Changes in Unearned Revenue	0.33	7.43	27.69	-6.26	41.62	-49.41
Changes in Other Operating Activities	-16.3	-36.4	-35.19	-41.51	-22.59	-16.24
Operating Cash Flow	109.88	72.7	85.67	95.77	96.37	113.08
Operating Cash Flow Growth	80.65%	-15.14%	-10.54%	-0.63%	-14.78%	-
Capital Expenditures	-46.22	-44.72	-17.51	-15.61	-8.32	-6.24
Purchases of Intangible Assets	-291.29	-278.75	-190.72	-156.17	-115.42	-138.19
Proceeds from Sale of Intangible Assets	89.92	48.79	37.03	31.62	30.31	46
Purchases of Investments	-	-	-	-	-	-0.94
Investing Cash Flow	-247.58	-274.68	-171.2	-140.16	-93.43	-99.37
Long-Term Debt Issued	195	230	160	100	40	60
Long-Term Debt Repaid	-115	-100	-230	-100	-	-
Net Long-Term Debt Issued (Repaid)	80	130	-70	0	40	60
Issuance of Common Stock	-	79.99	158.54	-	-	-
Net Common Stock Issued (Repurchased)	-	79.99	158.54	-	-	-
Common Dividends Paid	-	-	-	-	-33.55	-10.72
Other Financing Activities	-3.84	-0.4	-2.31	-1.95	-1.41	-1.64
Financing Cash Flow	76.16	209.58	86.23	-1.95	5.04	47.64
Effect of Exchange Rate Changes on Cash and Cash Equivalents	10.41	4.95	-3.17	1.14	2.59	-2.23
Net Cash Flow	-51.14	12.56	-2.47	-45.2	10.57	59.12
Free Cash Flow	63.67	27.98	68.16	80.16	88.05	106.84
Free Cash Flow Growth	127.54%	-58.95%	-14.97%	-8.96%	-17.59%	-
FCF Margin	9.71%	4.20%	10.30%	12.36%	15.10%	21.62%
Free Cash Flow Per Share	0.37	0.16	0.41	0.49	0.54	0.66
Levered Free Cash Flow	201.98	255.19	-17.05	60.74	118.5	36.62
Unlevered Free Cash Flow	148.08	142.87	106.07	79.57	126.55	-72.89

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q